Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Archer Daniels Midland Co shares valued at $10,298,813 were sold by LUCIANO JUAN R on Sep 03 ’24. At $60.51 per share, LUCIANO JUAN R sold 170,194 shares. The insider’s holdings dropped to 265,210 shares worth approximately $14.42 million following the completion of this transaction.
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Also, LUCIANO JUAN R sold 45,471 shares, netting a total of over 2,773,917 in proceeds. Following the sale of shares at $61.00 each, the insider now holds 265,210 shares.
Before that, LUCIANO JUAN R had added 170,194 shares to its account. In a trade valued at $10,298,829, the Officer bought Archer Daniels Midland Co shares for $60.51 each.
As published in their initiating research note from Citigroup on February 01, 2024, Archer Daniels Midland Co [ADM] has been a Neutral and the price target has been revised to $57. Analysts at Argus downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in late January. As of January 22, 2024, Stifel has decreased its “Buy” rating to a “Hold” for ADM. Earlier on January 22, 2024, ROTH MKM downgraded its rating. Their new recommendation was “a Neutral” for ADM stock which previously was a “a Buy”.
Analyzing ADM Stock Performance
During the last five days, there has been a surge of approximately 1.59%. Over the course of the year, Archer Daniels Midland Co shares have dropped approximately -24.72%. Shares of the company reached a 52-week high of $74.02 on 01/03/24 and a 52-week low of $48.92 on 11/05/24. A 50-day SMA is recorded $56.19, while a 200-day SMA reached $59.23. Nevertheless, trading volume fell to 2.09 million shares from 3.02 million shares the previous day.
Support And Resistance Levels for Archer Daniels Midland Co (ADM)
According to the 24-hour chart, there is a support level at 53.89, which, if violated, would cause prices to drop to 53.42. In the upper region, resistance lies at 54.66. The next price resistance is at 54.96. RSI (Relative Strength Index) is 51.21 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.82, which suggests the price will decrease in the coming days. Percent R is at 3.13%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
